Strategy& press room

Strategy&, the strategy consulting team at PwC, has subject matter experts who are knowledgeable about many industries and functional areas, and they are happy to share their insights with members of the press.

We promise our clients that their organization’s data will be kept confidential, Strategy& does not talk publicly about specific client assignments without the client’s permission. We are most willing to share the expertise of our people and our intellectual capital.

Press releases

PwC’s Strategy& today unveiled the 14th edition Global Innovation 1000 Study report. The report found that annual worldwide corporate R&D spending increased by 11.4% in 2018, totaling US$782 billion in annual investment, based on an annual analysis of the 1000 largest global public companies by R&D spend. Chinese companies’ R&D spending increased by 34.4% to reach US$60.08 billion, marking the largest growth globally. Amazon maintained the top spot as the largest corporate spender on R&D (US$22.6 billion) for the second year in a row. Alibaba remained the top R&D spender in China for the third consecutive year.

Asia Pacific manufacturing companies are championing the digitization and end-to-end integration of their operations, introducing digital products and services and connecting new technologies across their organizations at a much faster rate than their peers in the Americas and EMEA. This gap will continue to widen, as 32% of Asian companies plan to have established mature digital ecosystems in the next five years, compared to 24% in the Americas and 15% in EMEA.

Annual worldwide R&D spending breaks through US $700bn for the top 1000 corporate R&D spenders for first time / China’s corporate R&D spending is US $45.2bn in 2017, saw a 3.3% decline in corporate R&D spending for the first time / 25% of executives surveyed reported having already experienced some pressure to change how or where they conduct innovation / Amazon is the world’s largest corporate spender on R&D at over $16bn / Alphabet surpasses Apple, according to a global survey of R&D executives, as the Most Innovative Company and for the first time a Chinese company, Alibaba joins the Top 10 Most Innovative Companies list

PwC is pleased to announce today the successful completion of its combination with Booz & Company. With the granting of all regulatory approvals for Booz & Company to join PwC, it is now officially part of the PwC Network. All closing conditions for the deal have been met.